Brighton Jones LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Brighton Jones LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,104 shares of the company’s stock after selling 390 shares during the period. Brighton Jones LLC’s holdings in Kimberly-Clark were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of KMB. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. UBS Group upped their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Wall Street Zen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Piper Sandler dropped their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Evercore ISI dropped their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada dropped their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.73.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Trading Down 0.1%

Shares of NYSE KMB opened at $130.67 on Tuesday. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a fifty day simple moving average of $136.65 and a 200-day simple moving average of $135.16. The stock has a market capitalization of $43.36 billion, a PE ratio of 17.31, a PEG ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.86%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.